Setra

Type
Closure
Country
Sweden
Region
Södra Sverige; Småland med öarna; Kronobergs län
Location of affected unit(s)
Ljusdal, Piteå
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.1 - Sawmilling and planing of wood; processing and finishing of wood
16.1 - Sawmilling and planing of wood; processing and finishing of wood
140 jobs
Number of planned job losses
Job loss
Announcement Date
3 February 2009
Employment effect (start)
30 June 2009
Foreseen end date
30 June 2009

Description

Setra has given notice to 140 employees in its closure of sawmills in Ljusdal and Piteå. The closures affect approximately 70 employees at each location and are the result of economic downturn, beginning in autumn 2007. The restructuring measures are expected to provide Setra with an annual improvement in earnings of approximately SEK 100 million.

Sources

  • 4 February 2009: Dagens Industri

Citation

Eurofound (2009), Setra, Closure in Sweden, factsheet number 68521, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68521.